how to convert the "subtitle track" to a text file?

I've edited a project in FCP 5.1.2, and track V5 consists of outline text comprising the subtitles.
Now I'd like to generate an .srt (or equivalent) text file for all the clips within V5.
I pray that I don't have to cut and paste each piece of text from the viewer controls, and the in and out points too, to a page. That will take a full day and will surely introduce errors.
Is FCP able to spit out the .srt (or equivalent) text file? Or is there independent software for this?
I see the opposite question discussed here -- how to get the FCP subtitles from a text file. I need to get the text file from V5.
Thanks

Loren, thank you very much for this. I had tried to view the FCP file iself as text but couldn't. I confess I hadn't heard of XML before, and hadn't noticed the FCP option to export as XML. Wow! I see the subtitles in the XML file, and trust that Belle-Nuit Subtitler will finish the job. Thanks again. dcouzin

You can also try my TitleExchange. It allows to use virtually any text generator in FCP.
Use the XML export and TEP to transform your FCP subtitles to several formats - or the other way round.
The free version does only allow to transport FCP XML to Apple/Spruce STL with a limit of 50 titles per run. But you can split and and merge the subtitles to get subtitles into DVDSP or other apps for a feature length movie.

Loren, no success yet. Belle-Nuit hangs up during the xml import. What am I doing wrong? I've tried both xml version 1 and xml version 3. This on my IBM. I'll try using the Belle-Nuit for OS-X.
But I'm not afraid of the job anymore. If necessary I can produce the .srt text file myself straight from the .xml file, using Excel or whatever.

Andreas, I just noticed your word "my" before "TitleExchange". Congratulations!
Since there are 700 subtitles in the 80 minute movie, the 50 title per run won't make use of the free version fun. I think Belle-Nuit also imposes a limit on their free version.

I'm sure your full program is worth 135 Euros, but...

I opened the .xlm file in Excel and put the subtitles, the in points, and the out points into three columns. (I confess I had to deal with the two line titles by hand.) From here I should be able to make any text file. I don't yet know what text file format the DVD producer wants.

Maybe I'm too late, but I have just finished a php online application that could help you. It basically opens a xml file exported from FCP and converts it to .srt and .stl (suitable for DVD Studio Pro). And it's completely FREE!

Hi Andreas
your email address in your website is not working and i couldn't contact you on your email.
your software was the best solution in dozen software i've tried.
Since i'm from Iran and Iran is not connected to international payment systems, i couldn't donate your website by paypal. please let me know, how can i donate your software. i need full feature of XTE Subtitle Extractor.

Not sure whether it ever will work - reason: not sure whether PPro ever will work with any kind of captions reliably.

One thing you can do: Download TEP, inside the app's folder you'll find psTitles. This app converts SRT, Spruce STL into FCP XML, EDL, Encore, DVDSP with layered TIFF files as reference.
This process allows to convert FCP XML with those ref files into SRT,STL again.
The subtitles are editable in PPro.
And the app is free.

If your captions or subtitles are simple plain English you can import into PPro as Open Captions.
But be aware that several bugs are still there like character count which could screw up your subtitles from one moment to the other and many other fancy things.
I've created an app for PPro (public beta expires Christmas) which allows to handle subtitles with PPro.

But it is limited by the limits of PPro.
You can convert SRT, VTT, Spruce STL to legacy titles and Essential Titles. Styles are limited by the font options.
Legacy Titles don't work with right-to-left languages.
Essential Graphic Titles don't work with mixed right-to-left left-to-right languages.
PPro additionally has several font problems.
Essential Graphic Titles can be exported to SRT, VTT, Spruce STL.